Asio Capital LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Asio Capital LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 41,509 shares of the e-commerce giant after purchasing an additional 890 shares during the quarter. Amazon.com makes up about 1.6% of Asio Capital LLC’s portfolio, making the stock the 16th largest. Asio Capital LLC’s stake in Amazon.com was worth $7,487,000, according to its latest form filing with the SEC.

Several other hedge funds also bought and sold shares. Firethorn Wealth Partners LLC increased its stake in Amazon.com by 10.5% in the first quarter. Firethorn Wealth Partners LLC now owns 11,152 shares of the e-commerce giant’s stock worth $2,012,000 after purchasing an additional 1,056 shares in the last quarter. Atwater Malick LLC increased its holdings in Amazon.com stock by 6.1% in the first quarter. Atwater Malick LLC now owns 6,489 shares of the e-commerce giant’s stock worth $1,170,000 after purchasing an additional 373 shares in the last quarter. Capital Insight Partners LLC increased its position in Amazon.com by 4.7% in the first quarter. Capital Insight Partners LLC now owns 30,258 shares of the e-commerce giant’s stock worth $5,458,000 after purchasing an additional 1,368 shares in the last quarter. AMF Tjanstepension AB increased its position in Amazon.com by 4.1% during the first quarter. AMF Tjanstepension AB now owns 2,187,415 shares of the e-commerce giant’s stock valued at $394,566,000 after purchasing an additional 85,729 shares during the last quarter. Finally, Register Financial Advisors LLC increased its stake in Amazon.com by 2.9% during the first quarter. Register Financial Advisors LLC now owns 6,160 shares of the e-commerce giant’s stock valued at $1,111,000 after purchasing an additional 175 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street analysts assess

Several equities research analysts have recently commented on the stock. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1. Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1. Loop Capital raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6. Needham & Company LLC again raised their “buy” rating and set a price target on shares of Amazon.com at $205.00 in a report on Monday. Finally, Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three have rated it a “buy,” and one has given the company a “strong buy” rating. The company currently has an average rating of “Buy” and an average price target of $215.86 based on data from MarketBeat.com.

Read our latest research report on AMZN

Insider Buying and Selling on Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. Following the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a filing with the SEC, which is available at this link . In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in legal documents filed with the SEC, which can be found at this link . Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. Disclosure of this sale can be found here . Over the last ninety days, insiders have sold 69,548 shares of the company’s stock valued at $12,774,204. Corporate insiders own 10.80% of the stock.

Amazon.com Stock Performance

Amazon.com stock opened at $197.59 on Thursday. The lowest value of Amazon.com, Inc. stock in the last twelve months was $118.35, and the highest was $200.43. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15. The stock’s 50 day moving average is $184.68 and its 200 day moving average is $173.98.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue increased by 12.5% ​​year-over-year. During the same period last year, the company earned $0.31 earnings per share. Equity research analysts, on average, predict that Amazon.com, Inc. will post earnings of 4.72 per share for the current fiscal year.

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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